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Footwear Market to Witness Robust Expansion throughout the Forecast Period 2020 – 2030 Date: December 23, 2021 Author: Health and Pharma News
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According to the research report by the Transparency Market Research, the global footwear market is set to grow at a substantial growth rate i.e. 8% over the forecast period of 2020 to 2030. It also predicts that the global footwear market will expand to reach the evaluation of US$ 1.7 trillion by the end of the forecast period i.e. 2030. Rise in the sporting activities that results in increased purchases of sportswear, including sporting shoes as well as technological advancements are two of the strongest motivators for the global footwear market. Types of products offered by the major players in the global footwear market include sports shoes, boots, bellies shoes, and sandals, among others. The products in the global footwear market can also be segmented based on their usage in two sub-segments, namely, athletic and non-athletic. Rising demand